Big Lottery Fund Refund campaign
2 August 2012
In 2007, the Government 'diverted' £425m of Lottery revenues to help pay for the 2012 Olympic Games in London. This money should have been distributed to projects by the Big Lottery Fund. It was stated then that the monies would be repaid but the latest Government statement on this was in late February 2011 from John Penrose MP and said:
'The development of the Olympic Park is a long-term programme, with land sales due to take place over a period of 25 years. Given the timescale of the development programme and its dependence on market performance, we cannot be certain about the timing, but the current estimate from the Olympic Park Legacy Company is that the distributors should start to receive payments in the mid-2020s.'
The Big Lottery Fund Refund campaign believe that this timeframe is not acceptable and that a replayment schedule lasting several decades is not credible or reliable. They are pressing the Government to refund the Lottery as soon as possible after the Olympics conclude.
To read more about the campaign, you can visit the Where's Our Big Lottery Refund? website.